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Anne Hathaway and James Franco to host Oscars 2011

"Actors James Franco and Anne Hathaway have been named co-hosts of the film industry's upcoming Academy Awards, Oscar organizers said on Monday.

The pair are currently starring in two movies that some experts believe could earn them nominations for one of the world's top movie honors when they are given out on February 27.

Still of James Franco as Aron Ralston in "127 Hours" (2010)

Franco, 32, is starring in the real-life drama "127 Hours", playing a man who cut off his own arm to free himself from being trapped in a canyon with no way to survive, and Hathaway, 28, portrays a free-spirited woman who falls for a drug salesman in "Love and Other Drugs."
Anne Hathaway plays Maggie Murdock in "Love and other drugs" (2010)

"James Franco and Anne Hathaway personify the next generation of Hollywood icons -- fresh, exciting and multi-talented", Oscar producers Bruce Cohen and Don Mischer said in a joint statement.
The Oscars, or Academy Awards, are given out each year by the Beverly Hills-based Academy of Motion Picture Arts and Sciences and are typically the second-most watched TV program in the United States after the Super Bowl football championship. The telecast also is seen in more than 200 countries worldwide". Source: us.mobile.reuters.com